[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 830.

4emily

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Quote from: KomodoPlatform on October 03, 2016, 02:27:10 AM

{------}

To spread the awareness we created we have created a Thunderclap campaign, where everyone can share the news about the dPoW white paper. If we don't reach the goal of 100 sign-ups, the campaign will be canceled!

https://www.thunderclap.it/projects/47720-delayed-proof-of-work?locale=en

Joined campaign - 65 more people still needed and only 2 days to go!

I'm currently running v 1.0.0.0 of the BTCD wallet - the Export function is greyed out.

How do I access my private key?

Assuming it's stored in the wallet.dat file, what software do I need to open it?

My OS is Windows 10

Thanks for any help

KomodoPlatform

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Activity: 784

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Set Your Ideas Free

The 'delayed Proof of Work' consensus method will help other blockchains to secure themselves with Bitcoin's hashrate. It's a major advancement for the whole crypto, as other coins/blockchains will benefit from Bitcoin. The crypto space needs to unite & work together against the true competitor: fiat money and centralized third party solutions.

To spread the awareness we created we have created a Thunderclap campaign, where everyone can share the news about the dPoW white paper. If we don't reach the goal of 100 sign-ups, the campaign will be canceled!

https://www.thunderclap.it/projects/47720-delayed-proof-of-work?locale=en

KomodoPlatform

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Set Your Ideas Free

Quote from: the artful bodger on October 02, 2016, 06:20:10 PM

Quote from: CryptoMrM on October 02, 2016, 05:58:40 PM

Quote from: blackstar2016 on October 02, 2016, 05:43:24 PM

So we need to buy BTCD to join this ICO?

You can invest with both BTC and BTCD.

Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied).

Likewise BTCD also comes with other benefits like an average bonus boost and more.

The OP says the BTCD swap will be dealt with after the ICO, but gives no details. How will the process work?

Will the BTCD swappers get their new coins at exactly the same time the bitcoin investors get theirs?

Quote from: ohweoh on October 02, 2016, 10:21:04 PM

From what I gather If I invest with BTCD, I have to do so after the ICO date correct? You will miss out on the 25% bonus.
So I've been planning on just investing BTC on the first day to get a better exchange for my money.
Am I wrong/mislead?
Thanks!

This steemist post has a lot of answers regarding BTCD & the Komodo ICO. After that post we also came up with the BTCD bonus to counter the dilution against the BTC bonus system. That is explained in the second comment of this thread.

You can buy BTCD at any time from the open markets, but the actual BTCD <-> KMD swap will happen after ICO. After we go live everyone will have an equal chance to get their KMD coins, whatever they invested with BTCD or BTC.

jd1959

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I'm on drugs, what's your excuse?

Quote from: blackstar2016 on October 02, 2016, 05:43:24 PM

Quote from: KomodoPlatform on September 01, 2016, 02:00:01 PM

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD
-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD]

BTC Bonus system

Oct. 15 - 25% bonus
Oct. 16-22 - 20% bonus
Oct. 23-29 - 15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 - 5% bonus
Nov 13-20 - 0% bonus

BTCD Bonus system

Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This would bring the BTCD swap rate to 0.005852.

KMD coin distribution

10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.

The BTCD/KMD and BTC/KMD exchange rates depends on how much money is raised, and they can only be calculated after the ICO has ended.

For more information see this Steemit post.

Our Steemit posts

Komodo Has Been Born!

Komodo ICO: Questions and Answers

The Silent Progress of Deep Tech

So we need to buy BTCD to join this ICO?

It's dangerous to invest in anything if you have limited reading skill

Cheers Jon Grin

ohweoh

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From what I gather If I invest with BTCD, I have to do so after the ICO date correct? You will miss out on the 25% bonus.
So I've been planning on just investing BTC on the first day to get a better exchange for my money.
Am I wrong/mislead?
Thanks!

BTC-BTC-BTC

legendary

Activity: 1582

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www.neutroncoin.com

Looking forward for Komodo.

the artful bodger

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Quote from: CryptoMrM on October 02, 2016, 05:58:40 PM

Quote from: blackstar2016 on October 02, 2016, 05:43:24 PM

So we need to buy BTCD to join this ICO?

You can invest with both BTC and BTCD.

Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied).

Likewise BTCD also comes with other benefits like an average bonus boost and more.

The OP says the BTCD swap will be dealt with after the ICO, but gives no details. How will the process work?

Will the BTCD swappers get their new coins at exactly the same time the bitcoin investors get theirs?

CryptoMrM

hero member

Activity: 722

Merit: 500

Quote from: blackstar2016 on October 02, 2016, 05:43:24 PM

So we need to buy BTCD to join this ICO?

You can invest with both BTC and BTCD.

Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied).

Likewise BTCD also comes with other benefits like an average bonus boost and more.

BadAss.Sx

legendary

Activity: 1526

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Bulletproof VPS/VPN/Email @ BadAss.Sx

That means i'm sold out for now. But that doesn't mean you can't apply for it.

You have to get elected also by the shareholders. If you're not, the spot comes open for others.

blackstar2016

newbie

Activity: 53

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Quote from: KomodoPlatform on September 01, 2016, 02:00:01 PM

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD
-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD]

BTC Bonus system

Oct. 15 - 25% bonus
Oct. 16-22 - 20% bonus
Oct. 23-29 - 15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 - 5% bonus
Nov 13-20 - 0% bonus

BTCD Bonus system

Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This would bring the BTCD swap rate to 0.005852.

KMD coin distribution

10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.

The BTCD/KMD and BTC/KMD exchange rates depends on how much money is raised, and they can only be calculated after the ICO has ended.

For more information see this Steemit post.

Our Steemit posts

Komodo Has Been Born!

Komodo ICO: Questions and Answers

The Silent Progress of Deep Tech

So we need to buy BTCD to join this ICO?

riceberry

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Activity: 491

Merit: 500

Quote from: ?? on ??

Quote from: BadAss.Sx on October 02, 2016, 09:49:22 AM

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I am in!!

Me too, I am in for 1 Wink

BadAss.Sx

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Bulletproof VPS/VPN/Email @ BadAss.Sx

Quote from: riceberry on October 02, 2016, 02:35:58 PM

Quote from: BadAss.Sx on October 02, 2016, 09:49:22 AM

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I like this alot.

It is a good price, good server and terribly good connection. The price is one of the cheapest around. For me it is not about the price but to get a good stable komodo network. The price is only covering my expenses and some to feed my dog.

riceberry

hero member

Activity: 491

Merit: 500

Quote from: BadAss.Sx on October 02, 2016, 09:49:22 AM

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

I like this alot.

bcmine

hero member

Activity: 1014

Merit: 1055

Quote from: BadAss.Sx on October 02, 2016, 09:49:22 AM

I have for rent:

3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands

2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro

220USD per month in BTC (3 months up front)
1 per person

I can fully secure the server and install everything for you for a fee.

Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.

Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.

A contract will be made for one year with option to extend it.

look for me as a good deal

BadAss.Sx

legendary

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Bulletproof VPS/VPN/Email @ BadAss.Sx

New offer on page 51-52

yassin54

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Please support the KOMODO ThunderClap campaign.

https://www.thunderclap.it/projects/47720-delayed-proof-of-work?locale=en

Tweet : https://twitter.com/KomodoPlatform/status/782516467539533824

bitcoinuserz

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Activity: 360

Merit: 250

Quote

./komodo-cli getinfo
{
"version" : 1000000,
"protocolversion" : 170002,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 6296,
"timeoffset" : -1,
"connections" : 5,
"proxy" : "",
"difficulty" : 1.00000000,
"testnet" : false,
"keypoololdest" : 1475379983,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"relayfee" : 0.00005000,
"errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"
}

seems like testnet is good. But can anyone send me some testnet coins?

RY5v6Wxxc7WoCtBY3Bw4M55gE3BRQjG9cN heh

BadAss.Sx

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In the mean time i have succesfull running a testnet node

jl777

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strange...
https://blockexplorer.com/tx/1eb31641d61d30e5fbf5fc02d4488053b10c2de1df442e4b92f6cd43e8250ac5

splitfunds with 50 outputs ended up working, even though there were complaints about it. I guess this falls into not very normal and it is confusing the block explorers

I wont worry about the dust errors for now, I added a maxmode so it will have a large change output which hopefully will help it confirm.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: jl777 on October 01, 2016, 02:13:07 PM

https://blockchain.info/tx/efe39e624d0907455a8bcb30b97a718ff375f7404ec8950d955eed841f84f790

It seems there is a limit of 20 small outputs and many nodes are rejecting the tx due to the many dust level outputs. it might be manually getting these splitfunds tx confirmed could be an ongoing task for notary nodes

CAmount GetDustThreshold(const CFeeRate &minRelayTxFee) const
{
// "Dust" is defined in terms of CTransaction::minRelayTxFee,
// which has units satoshis-per-kilobyte.
// If you'd pay more than 1/3 in fees
// to spend something, then we consider it dust.
// A typical txout is 34 bytes big, and will
// need a CTxIn of at least 148 bytes to spend:
// so dust is a txout less than 546 satoshis
// with default minRelayTxFee.
size_t nSize = GetSerializeSize(SER_DISK,0)+148u;
return 3*minRelayTxFee.GetFee(nSize);
}

It seems if you are too efficient in selecting utxo it will get hit by this restriction. iguana does an iterative bestfit algo to select the utxo to use, so it usually ends up spending rather small amounts for change, if at all possible. However, in this case that ends up getting the tx rejected due to the dust limit. I will try to make a maxvalue utxo selection to get around this

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 830. (Read 1192336 times)